DEAG DEUTSCHE ENTERTAINMENT AG
DGAP-Ad-hoc: DEAG Deutsche Entertainment Aktiengesellschaft / Key word(s): Miscellaneous
Publication of insider information pursuant to Article 17 of Regulation (EU) No 596/2014 Berlin, 26 June 2018 - DEAG Deutsche Entertainment Aktiengesellschaft (DEAG), Berlin - ISIN DE000A0Z23G6, WKN A0Z23G - listed in the Prime Standard, is acquiring 49% of the shares in DEAG Classics AG from Sony Music Entertainment Germany GmbH and will own 100% of DEAG Classics AG including its holding in The Classical Company AG (Switzerland). As part of the transaction, DEAG Classics AG is selling its shares in the English Raymond Gubbay Limited to Sony Music Entertainment International Limited. The joint projects of Raymond Gubbay Limited and companies of the DEAG Group such as Kilimanjaro Live Limited will continue unchanged. The DEAG Group will receive EUR 10.6 million from the aforementioned share swap, which are to be used, among other things, for future acquisitions. DEAG Deutsche Entertainment Aktiengesellschaft Communicating parties: Prof. Peter Schwenkow (CEO), Christian Diekmann (COO/CDO), Detlef Kornett (CMO), Ralph Quellmalz (CFO) +++ End of the ad hoc announcement +++
26-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | DEAG Deutsche Entertainment Aktiengesellschaft |
| Potsdamer Straße 58 | |
| 10785 Berlin | |
| Germany | |
| Phone: | +49-30-810 75-0 |
| Fax: | +49-30-810 75-519 |
| E-mail: | deag@cometis.de |
| Internet: | www.deag.de |
| ISIN: | DE000A0Z23G6 |
| WKN: | A0Z23G |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; London |
| End of Announcement | DGAP News Service |
698751 26-Jun-2018 CET/CEST
